XPeng Inc. announced its unaudited financial results for the first quarter ended March 31, 2025, reporting total revenues of RMB15.81 billion (US$2.18 billion). This represents a remarkable 141.5% increase year-over-year, driven by robust vehicle sales.
The company achieved significant improvements in profitability, with its gross margin rising to 15.6% in Q1 2025, up 2.7 percentage points year-over-year. Vehicle margin also improved to 10.5%, a 5.0 percentage point increase from the prior year, reflecting ongoing cost reductions.
Net loss for the quarter narrowed substantially by 51.5% year-over-year to RMB664.05 million (US$91.51 million). For the second quarter of 2025, XPeng forecasts deliveries between 102,000 and 108,000 units, representing a 237.7% to 257.5% year-over-year increase, and total revenues between RMB17.5 billion and RMB18.7 billion, a 115.7% to 130.5% year-over-year increase.
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